I am in the market for a reasonably priced conveyancer. Should I go for for a national conveyancer or a high street Bourne End conveyancing solicitor?
Bourne End is a unique place, where neighbourhood knowledge helps. The laid-back lifestyle is great – just not for your house move. The property lawyers that we list host exhaustive Bourne End know how with a positive, can doattitude that helps the conveyancing to progress with the minimum of fuss. It is a distinct advantage where they enjoy good relationships with financial advisers, local authorities, valuers and counterpart Bourne End conveyancing solicitors
Why is leasehold purchase conveyancing in Bourne End costs more?
In summary, leasehold conveyancing in Bourne End and elsewhere usually requires additional due diligence compared to freehold conveyancing. This includes lease investigation, liaising with the landlord about the service of applicable notices, procuring up-to-date service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first granted.
A friend pointed out to me me that in purchasing a property in Bourne End there could be various restrictions preventing external changes to the property. Is this right?
There are a number of properties in Bourne End which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Bourne End should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have today made my last payment due on my mortgage with Principality. I assume I don't need a Bourne End conveyancer on the Principality panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
RBS have agreed my mortgage in principle, my bid on a house in Bourne End has been agreed to, what happens next?
Your estate agent will want to know who your solicitors are (ensure that the lawyers are on the lender’s approved list). Call up RBS or the financial adviser and finish off any outstanding documentation. RBS will sellect a valuer who will get in contact with the selling agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. RBS will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Bourne End.
I have recentlybeen informed that Arc property Solicitors have been shut down. They carried out my conveyancing in Bourne End for a purchase of a leasehold flat 12 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bourne End conveyancing specialists.
About to purchase a new build flat in Bourne End. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Bourne End
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants.
What are your top tips when it comes to choosing a Bourne End conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Bourne End conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Bourne End conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
Can they put you in touch with clients in Bourne End who can give a testimonial?
I inherited a 1 bedroom flat in Bourne End, conveyancing having been completed in 2000. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Bourne End with a long lease are worth £201,000. The ground rent is £45 yearly. The lease comes to an end on 21st October 2086
With only 65 years left to run the likely cost is going to be between £13,300 and £15,400 plus legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.